Quote:
Originally Posted by 95 imp
Actually, we do. The whole shale oil thing broke the back of OPEC last time. Right now, there so many uncertainties that the US oil industry isn't investing or pumping oil.
There was a period a few years back where we were the world's largest oil producer.
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Quote:
Originally Posted by USMC85
America was the largest producer of oil and controlled the market price of oil only a year ago. Something changed and we no longer were the largest producer. It was almost over night and appeared to be on purpose. Why wouldn't someone want America to be energy independent?
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Largest oil producer but @ only ~15% of the oil produced doesn't = controlling prices. We need way more than that which is the point I was trying to make.